Sunday, 12th September 2021
At ERC, despite a 22-day stoppage due to a scheduled maintenance in 2Q21, the refinery’s revenues increased by 52% year-on-year on the back of recovering market conditions.
Wednesday, 15th July 2020
Master Gas Company, one of TAQA Arabia companies, announced the inauguration of its first natural gas station in Al Rehab area at New Cairo in cooperation with Chill out company which is a subsidiary form the National Company for Roads.
Sunday, 15th September 2019
Qalaa Holdings (CCAP.CA), has declared the successful operation of the Hydrocracker in its flagship project, Egyptian Refining Company “ERC”.
Thursday, 1st August 2019
Qalaa Holdings has confirmed in a market statement that its stake in the Egyptian Refining Company (ERC) has decreased to 13.14% because other shareholders have underwritten additional equity.
Thursday, 30th May 2019
The final tranche was requested by ERC's project finance lenders and is divided into $70 million for capital increase and $50 million for shareholders' loan.
Wednesday, 22nd May 2019
The company's operating profit grew by 36% to reach EGP 1.3 billion in 2018, which is supported by the strong performance of all the affiliated companies.
Monday, 6th May 2019
The company will gain between EGP 50-55 billion from the Egyptian Refining Company (ERC), which is set to start operating in Q3 2019.
Tuesday, 9th April 2019
The Egyptian Refining Company (ERC) has supplied 100,000 tons of low-sulfur petroleum products from its operational trials.
Wednesday, 27th February 2019
ERC is 99.28% complete, and the diesel producing unit has been successfully tested.
Wednesday, 20th February 2019
CIB is arranging the $80 million loan for ERC to fund the general capital.